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KKR Takes A 250 Million Stake In Staffing Company!

KKR Takes A 250 Million Stake In Staffing Company!

Kohlberg Kravis Roberts & Co the private Equity business is to buy Intelligence Ltd, the Japanese staffing subsidiary of Usen Corp for approximately 250 million.Intelligence, which was established in 1989, offers permanent job placement services, temporary staffing and outsourcing, and job search advertising.The company, whose brands include "DODA" and "an", holds the second-largest share in Japans permanent job placement as well as job search advertising markets, KKR said. "As one of the few recruitment services firms in Japan providing such a comprehensive offering, the company is well positioned to take advantage of an anticipated upturn in economic activity," said Shusaku Minoda, chief executive of KKR's Japan operations.KKR entered into exclusive talks to buy the business from Usen, beating out rivals Advantage Partners and Carlyle Group which Reuters said had also been shortlisted as bidders for the business.
The parties expect to complete the acquisition at the end of July

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